12 USC 5201 - Purposes

U.S Code last checked for updates: Nov 22, 2024

§ 5201.

Purposes

The purposes of this chapter are—

(1)

to immediately provide authority and facilities that the Secretary of the Treasury can use to restore liquidity and stability to the financial system of the United States; and

(2)

to ensure that such authority and such facilities are used in a manner that—

(A)

protects home values, college funds, retirement accounts, and life savings;

(B)

preserves homeownership and promotes jobs and economic growth;

(C)

maximizes overall returns to the taxpayers of the United States; and

(D)

provides public accountability for the exercise of such authority.

(Pub. L. 110–343, div. A, § 2, Oct. 3, 2008, 122 Stat. 3766.)

cite as: 12 USC 5201